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    Medical or Retail Flex Building Title is generated by Realmo AI

    2706 N Saginaw Road, Midland, MI 48640

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    For Sale
    $995,000

    COMMERCIAL - Midland, MI

    Property size:
    6,000 SF
    Lot size:
    0.92 Acres
    Price / SF:
    $165/SF
    Added:
    Jun 9, 2025
    Days on Market:
    361
    Last Refresh:
    Jun 4 at 11:06 am

    Property Features for 2706 N Saginaw Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    140550090
    Size
    6,000 SF
    Lot size
    0.92 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    10585

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1945
    Roof type
    Metal

    We can help!

    Listing Contact
    Paul White
    Paul White

    Listing agent Paul White License #6?5?0?1?4?6?4?7?7?4

    Listing office Century 21 Signature Realty Midland 409 Ashman Suite #3, Saginaw, MI

    Listing date Jun 9, 2025

    MLS# 50177675

    Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 6,000 SF commercial space updated for medical, retail, and professional office use
    • Convenient drive‑up window with a canopy
    • Parking lot with generous parking at the back
    • Forced air heating and central air conditioning
    • Metal roof
    • Built in 1945; public water supply

    Overview

    This updated commercial building offers a flexible layout designed to support a variety of medical, retail, and professional office ventures. The property includes a convenient drive-up window sheltered by a canopy, creating an accessible service option for customers. With generous on-site parking located toward the back of the building, the site is arranged to support day-to-day customer flow and convenient arrival.

    The building is located in Midland, Michigan near the hospital on N. Saginaw Road, with visibility to a high-traffic corridor. The remarks note over 22,000 vehicles per day and a position directly across from Midland County’s largest employer.

    For operators seeking a single, adaptable facility for service-oriented tenants, this property provides a practical combination of customer-friendly access and parking. The drive-up window supports uses that benefit from quick, curbside transactions, while the overall configuration can accommodate a range of medical, retail, and professional office environments. At 6,000 square feet on 0.92 acres, the building is positioned for a straightforward occupation plan for a new owner-operator or tenant looking for versatility in a busy regional setting.

    Local Financial Insights For Healthcare Medical

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $108.0k $18.00
    − Vacancy −$7.8k −$1.30
    EGI $100.2k $16.70
    − OpEx −$40.1k −$6.68
    NOI $60.1k $10.02
    6,000 SF · lease $18.00/SF/yr · vacancy 7.20% · expense 40.00%

    Alternative Uses

    Best Use
    Healthcare Medical
    $859.1K
    $751.7K – $1.00M (±1% cap)
    NOI $60,134 @ 7.0% cap · market cap 6.04%
    Second Best
    Office B
    $805.4K
    $704.7K – $939.6K (±1% cap)
    NOI $56,376 @ 7.0% cap · market cap 5.67%
    Theoretical Best
    Flex RnD
    $1.08M
    $947.6K – $1.26M (±1% cap)
    NOI $75,807 @ 7.0% cap · market cap 7.62%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Michigan
    Longitude
    -84.259707
    Latitude
    43.641659

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    FAQs

    What type of property is this?
    Office building - Updated building with a drive-up window and ample rear parking, well suited for medical, retail, or professional use.
    Where is this office building located?
    The property is located at 2706 N Saginaw Road Midland, MI.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: 6,000 SF commercial space updated for medical, retail, and professional office use; Convenient drive‑up window with a canopy; Parking lot with generous parking at the back
    (989) 600-7424
    We can help!
    Listing Contact
    Paul White
    Paul White
    Real Estate License ID: 6?5?0?1?4?6?4?7?7?4
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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